Singapore legislation

Regulation 19

of Trust Companies Regulations

Regulation 19

Preparation and lodgment of accounts

Subregulation 1

For the purposes of section 28(5) of the Act, a licensed trust company shall —

(a)

prepare statements in Form 6 in respect of each calendar year or such other period as the Authority may allow; and

(b)

lodge the statements prepared under sub-paragraph (a) with the Authority within 60 days from the end of each calendar year or such other period as the Authority may specify.

Subregulation 2

For the purposes of section 28(5) of the Act, a licensed trust company shall —

(a)

prepare a statement showing the maintenance of its net asset value or qualifying assets, as the case may be, in Form 5 and lodge the statement so prepared with the Authority within 14 days from the grant of its licence and thereafter, within 5 months from the end of each of its financial year; and

(b)

lodge with the Authority, within 5 months from the end of each of its financial year, the auditor’s report on the licensed trust company in Form 7.

Subregulation 3

The statements referred to in paragraph (1) shall be signed by the resident manager and a member of the board of directors of the licensed trust company.

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